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Silver Valley Metals Announces Financing - Early Warrant Exercise Incentive Program
Silver Valley Metals Announces Financing - Early Warrant Exercise Incentive Program Can...
About this update from Silver Valley Metals Corp
[{"type":"text","content":"\n \n \n \n Silver Valley Metals Announces Financing - Early Warrant Exercise Incentive Program\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 13, 2023\n \n \n /CNW/ - Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF) (\"Silver Valley\" or the \"Company\"), a brownfields exploration Company with two potential high impact projects that comprise lithium - potassium (\n \n sulphate of potash\n \n ) located in\n \n Zacatecas\n \n and\n \n San Luis Potosi, Mexico\n \n and silver-zinc-lead located in north\n \n Idaho, USA\n \n respectively, is pleased to announce that it will make an application to the TSX Venture Exchange (the \"Exchange\") for approval of the implementation of a proposed early warrant exercise incentive program (the \"Program\") intended to encourage the early exercise of up to 12,897,114 outstanding warrants (the \"Eligible Warrants\") of the Company.\n \n \n \n \n \n \n \n \n \n The Program will commence on the date of receipt of conditional acceptance by the Exchange and will expire at\n \n 4:00 p.m.\n \n (PDT)\n \n 14 days thereafter\n \n (the \"Program Expiry Date\").  The Company feels the Program will fairly reward the investors of the most recent financing for their patience during this volatile year, allowing the Company to keep the share float within the current shareholder base and views this as the least dilutive option at this time.\n \n \n The Eligible Warrants were issued by the Company pursuant to a private placement financing completed on\n \n January 3\n \n , 2023.  The Eligible Warrants are exercisable to acquire one common share of the Company at a price of\n \n $0.15\n \n per share, with 9,297,114 Eligible Warrants expiring\n \n November 17, 2024\n \n and 3,600,000 Eligible Warrants expiring\n \n January 3\n \n , 2025.\n \n \n To encourage the early exercise of the Eligible Warrants, the Company is seeking approval from the Exchange to an amendment to the terms of the Eligible Warrants to enable the warrant holders to receive an...